Earnings Season Kickoff Tests Market Rally Amid Cautious Outlooks and 2024 Election Uncertainty
-
This earnings season will be the first big test of the market’s year-end rally. The forecasts don’t look great.
-
Wall Street's optimism for a bigger rebound during the fourth quarter has already faded, and companies are treading lightly.
-
Many companies use their fourth-quarter earnings as an opportunity to provide their annual outlooks. Given the near-term softness in the economy, commentary is expected to be generally cautious.
-
The 2024 presidential election is likely to shape markets and executive sentiment this year as investors digest polling data and policy proposals.
-
Bank results next week will add detail to the broad economic strokes, as investors look for takeaways about how banks are preparing for 2024.